104 Grand Street #1, Manhattan, NY 10013
Local realty services provided by:CENTURY 21 Awaye Realty
104 Grand Street #1,Manhattan, NY 10013
$23,500,000
- 4 Beds
- 5 Baths
- 7,500 sq. ft.
- Multi-family
- Active
Listed by: noble black, jesse h feldman, corey shuster, arthur maglio
Office: corcoran group
MLS#:RLS20117443
Source:NY_REBNY
Price summary
- Price:$23,500,000
- Price per sq. ft.:$3,133.33
About this home
104 Grand Street, also known as 39 Mercer Street, is a five-story mixed-use building, plus basement, on the northwest corner of Grand and Mercer Streets in SoHo. The building is approximately 7,500 gross SF, combining in-place retail income with residential space delivered vacant. <br>The ground floor and basement are leased to Courrèges, the French luxury fashion house wholly owned by the Pinault family's Groupe Artémis. The second floor is configured as a residential apartment, and the third through fifth floors are currently used together as a single residential triplex. <br>104 Grand Street is offered as a full-building acquisition within one of SoHo's established retail and residential corridors. Please email for a full building set-up.<br><br>ARCHITECTURAL CHARACTER & HISTORY Originally completed circa 1893 and designed by architect Julius Kastner, 104 Grand Street is a five-story SoHo corner building featuring brick, stone and cast-iron detailing with Queen Anne and Romanesque Revival influences. The building's character reflects the historic fabric of SoHo's landmarked cast-iron district.<br><br>INVESTMENT HIGHLIGHTS<br><br>01 Grand & Mercer Corner Full-building ownership at the northwest corner of Grand and Mercer Streets in SoHo.<br>02 Courrèges Retail Tenancy Ground floor and basement leased to Courrèges, providing in-place retail income. <br>03 Vacant Residential Component All residential space, comprising a second-floor apartment and a third-through-fifth-floor triplex, delivered vacant. <br>04 Renovated Upper Floors Residential interiors have been substantially renovated. <br>05 Full-Building Ownership Approximately 7,500 SF under single ownership, from basement through fifth floor. <br>06 SoHo Location Positioned within one of Manhattan's established luxury retail corridors.<br><br>IN-PLACE RETAIL INCOME:<br> <br>TENANT: Courrèges <br>PREMISES Approx.: 1,053 SF Ground Floor + Approx. 1,200 SF Basement (net/usable) <br>CURRENT ANNUAL BASE RENT: Approx. $498,284 <br>RENT COMMENCEMENT: 4/17/2022 <br>LEASE EXPIRATION: 4/30/2032 <br>TAX REIMBURSEMENT: 60% of RE tax increases over the 2021/22 base year<br><br>ILLUSTRATIVE STABILIZED RESIDENTIAL REVENUE MONTHLY ANNUAL:<br><br> Monthly/Annual<br>2nd Floor $13,750 $165,000 <br>3rd Floor $13,500 $162,000 <br>4th Floor $13,250 $159,000 <br>5th Floor $13,000 $156,000 <br>Total $53,500 $642,000 <br><br>Floors 3-5 are currently configured as a single residential triplex. Per-floor rental estimates are illustrative and assume reconfiguration into separate residential units and any required conversion of the existing JLWQ use to residential use, subject to applicable approvals and requirements. Prospective purchasers should independently verify permitted use and occupancy....
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Home facts
- Year built:1900
- Subdivision & Development:SoHo
- Listing ID #:RLS20117443
- Added:50 day(s) ago
- Updated:November 15, 2026 at 12:37 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Rooms Total:1
- Basement:Yes
- Living area:7,500 sq. ft.
Structure and exterior
- Year built:1900
- Building area:7,500 sq. ft.
Finances and disclosures
- Price:$23,500,000
- Price per sq. ft.:$3,133.33
Features and amenities
- Appliances:WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
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